Using this guideline, you can estimate that you can afford a house up to $200,000. While you can spend up to approximately five times your income on a house, you could also choose to purchase a less expensive home (then you’ll have more disposable income for golf or spontaneous trips to Paris!).
mortgage companies For First time home buyers First Heritage Mortgage – Mortgage Lender – At First Heritage Mortgage, we understand that your home represents peace of mind for your family, a sense of community belonging, and in many cases, your most significant financial investment.Where Do I Start To Buy A Home First Time Home Buyers Program San Antonio How To Buy A House Book The Beginner's Guide to Buying a House – Some people think 20 percent is the necessary amount to put down on a house, but the national average is closer to six to 11 percent. That gives young people a but more wiggle room than they might expect when it comes to buying a house in certain markets.